Tax rebate may partially compensate expenses of Transcarpathians in 2012

Residents of the region may use the right for the rebate until December 31.

Using a mortgage loan, donation or charitable contributions to nonprofit organizations, tuition fees, payments to health care facilities, payments of insurance premiums – all these and other costs set out by Art. 166 of the Tax Code of Ukraine may be included in the tax rebate.

To do this, you must file an annual tax return for the previous year to the territorial agencies of the Ministry of Income at the place of registration.

The tax rebate shall include actual expenses made by the taxpayer during the tax year and confirmed with payment and settlement documents. They must indicate the cost of such goods, works or services and time of sale, execution or delivery. 

The office of the Ministry of Income in Transcarpathian region remind that the calculation of the tax rebate amount is carried out based on the amount of wages accrued in 2012, reduced by the amount of the paid single fee for obligatory state social insurance and the amount of the applicable tax benefits, if any.

The amount to be refunded to the taxpayer, will be credited to his or her bank account opened in any commercial bank or sent by money transfer to the address specified in the declaration, within 60 calendar days after the receipt of such tax return. 

The right of a taxpayer to a tax rebate and the conditions of its receipt are set out by Article 166 of the Tax Code of Ukraine – the Main Office of the Ministry of Income in Transcarpathian region reported.